GOING GLOBAL GOING GLOBAL
LEADING ADVICE FROM THE INTERNATIONAL TRADE TEAM
Expand your business in the land down under
As the sixth largest nation after Russia, Canada, China, the United States of America and Brazil, Australia has a developed modern market economy offering high-growth, low-inflation and low interest rates. Since 1992 Australia has averaged greater than three per cent economic
growth placing Australia in the top echelon of developed countries in terms of sustained rates of growth. According to the Reserve Bank of Australia, Australian per capita GDP growth is higher than that of New Zealand, US, Canada and The Netherlands. Set against the strong economy there is no doubt that there exists a
strong historical connection between the UK and Australia. During a recent visit to both the main island and to Tasmania it became apparent that the connection is still strong and appreciated. However, most of the past performance of the Australian economy has been heavily influenced by US, Japanese and Chinese economic growth. While the Australians absolutely recognise the opportunities that the South
East Asian market offers, they are currently promoting Access Australia, the next big market for British SMEs. Finding common ground in international trade is so very important so accessing a market with a common language, transport system and appetite is something that provides confidence to build strong trading connections and relationships. The UK Government are already talking about a Free Trade Agreement with Australia, to make those very connections to increase trade between our two nations. A point for consideration is that British SMEs looking to approach the
Chinese and Japanese markets could in fact do worse than to approach it through the Australian route.
For more information on International Trade please, email international-
trade@devonchamber.co.uk or visit
www.devonchamber.co.uk
Or visit:
www.internationaltradematters.com Spring 2020 Chamber Profile 37
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